ASOFIN was established in 1999 and its acronym stands for "Association of Financial Entities Specialized in Microfinance". It is organized as a civil non-profit organization. It is the network representing the regulated microfinance sector in BOLIVIA.
Regulated microfinance entities ...
Read moreASOFIN was established in 1999 and its acronym stands for "Association of Financial Entities Specialized in Microfinance". It is organized as a civil non-profit organization. It is the network representing the regulated microfinance sector in BOLIVIA.
Regulated microfinance entities in Bolivia are those MFIs under the supervision of the Superintendence of Banks and Financial Entities (SBEF) and are authorized to provide every type of financial services.
Vision
Our vision is to position and maintain the associated MFIs among the most relevant and valued entities of the Bolivian financial system, due to their vocation to provide complete financial services to the micro and small entrepreneurs of our country, in a sustainable, transparent and socially responsible fashion.
Mission
Our mission is to contribute to the development of the Bolivian microfinance industry through the association and integration of the regulated MFIs in an organic body, committing ourselves to disseminate their information, represent and defend their interests, propose policies oriented towards the preservation of their existence and development, and acting as a forum of discussion and cooperation among our associates.
Currently, eight financial institutions are listed as active members, seven of which are regulated entities and one is seeking its license from the SBEF. Of the regulated ones, two are banks and five are Private Financial Funds (FFP).
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